Notification on material event
Preliminary financial data of Lietuvos Energija for 1 month of 2019
Lietuvos Energija, UAB, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.
Preliminary financial data of Lietuvos Energija for 1 month of 2019:
| || January |
| || 2019 || 2018 || Change |
| Revenue || EUR 164.3 million || EUR 119.1 million || 38.0 % |
| Adjusted EBITDA* || EUR 30.4 million || EUR 28.6 million || 6.3 % |
| || || || |
In January 2019, Lietuvos Energija generated revenue of EUR 164.3 million, which is 38% more compared to a respective period of 2018 (EUR 119.1 million). The Group's revenue has grown due to the increase in the electricity trading turnover of Energijos tiekimas subsidiary in Poland Geton Energy. Also due to continued growth of gas prices on the market and the increased gas sales volumes due to LNG congestion Group’s revenue from gas trading activity increased as well.
The adjusted EBITDA indicator of the Group in January 2019 was equal to EUR 30.4 million, i.e. 6.3% more compared to a respective period of 2018 (EUR 28.6 million). The adjusted EBITDA indicator has grown due to better result from the electricity and gas distribution activities due to increased investment in renewal and modernization of distribution networks.
*The Company’s preliminary (2019) and actual (2018) result of adjusted EBITDA is presented after the adjustments made by the management by eliminating the impact of one-off factors. These adjustments are intended to disclose the results of the Company’s operating activity without taking into consideration atypical, one-off factors or factors that have no direct relation with the current period of operations. All adjustments made by the management are disclosed in the Company’s interim and annual reports.
More information: Arturas Ketlerius, Acting Head of Public Relations of Lietuvos Energija, +370 620 76076, firstname.lastname@example.org